Chapter

Impacts of Macroeconomic Policies on the Environment, Natural Resources, and Welfare in Developing Countries

López Ramón and Michael A. Toman

in Economic Development and Environmental Sustainability

Published in print June 2006 | ISBN: 9780199298006
Published online September 2006 | e-ISBN: 9780191603877 | DOI: http://dx.doi.org/10.1093/0199298009.003.0004

Series: Initiative for Policy Dialogue Series

 Impacts of Macroeconomic Policies on the Environment, Natural Resources, and Welfare in Developing Countries

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This chapter discusses relationships between the macro economy and economic policy, and the environmental and resource situation in developing countries. It focuses on the distortive effects of energy and resource subsidies, poorly managed monetary policy leading to exchange rate instability and high interest rates, and financial crises which often lead to too shortsighted policies and behavior regarding the management of environment and resources.

Keywords: macroeconomic policy; monetary policy; energy subsidies; financial-sector flows; financial crises; environmental outcomes; natural resource exploitation

Chapter.  14288 words. 

Subjects: Economic Development and Growth

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